The Australian dollar has declined on Wednesday. In the North American session, AUD/USD is trading at 0.6441, down 0.45% on the day. This follows the Australian dollar's massive gains of 1.5% a day earlier.
Australia's wage growth accelerated in the first quarter. Annually, the Wage Price index gained 3.4%, up from 3.2% in Q4 2024 and above the market estimate of...
GBPAUD - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Price action looks to be forming a bottom.
Preferred trade is to buy on dips.
Bespoke support is located at 2.0540.
We look to Buy at 2.0540 (stop at 2.0480)
Our profit targets will be 2.0765 and 2.0790
Resistance: 2.0700 / 2.0760 /...
The Japanese yen has started the week with sharp losses. USD/JPY is trading at 148.18, up 1.9% on the day. Earlier, the yen strengthened to 148.59, its strongest level since April 3.
The US and China have reached an agreement to slash tariffs on each other's products for 90 days. This would be a major de-escalation in the bruising tariff war between the world's...
The Canadian dollar is steady on Friday, after a two-day slid in which the loonie declined by 1%. In the North American session, USD/CAD is trading at 1.3911, down 0.09% on the day. On the data calendar, Canada released the employment report and there are no US economic releases.
The April employment report didn't show much change and the Canadian dollar has...
NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5950 will confirm the bullish momentum.
The measured move target is 0.6025.
We look to Buy at 0.5900 (stop at 0.5850)...
NZDJPY - 24h expiry
The primary trend remains bearish.
The rally has posted a correction count on the daily chart.
Price action looks to be forming a top.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 85.95.
We look to Sell at 85.95 (stop at 86.20)
Our profit targets will be 85.05 and 84.85
Resistance: 86.10 / 86.40 /...
The Japanese yen is in negative territory on Wednesday, after a three-day rally which saw it gain 2% against the US dollar. In the European session, USD/JPY is trading at 143.29, up 0.61% on the day.
The Bank of Japan releases the minutes of its March meeting on Thursday. At the meeting, the BoJ held the key policy rate at 0.5% in a unanimous vote. Members...
EURAUD - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Preferred trade is to buy on dips.
Setbacks should be limited to yesterday's low.
Bespoke support is located at 1.7500.
We look to Buy at 1.7500 (stop at 1.7440)
Our profit targets will be 1.7740 and 1.7815
Resistance: 1.7600 / 1.7700 /...
The New Zealand dollar is showing limited movement on Tuesday. In the European session, NZD/USD is trading at 0.5970, up 0.05% on the day. With no key events in New Zealand or the US today, we can expect a quiet day for the New Zealand dollar.
New Zealand releases the employment report for the first quarter on Wednesday. The labor market is showing signs of...
NZDUSD - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6000 will confirm the bullish momentum.
The measured move target is 0.6075.
We look to Buy at 0.5950 (stop at 0.5900)...
The Australian dollar continues to impress and has posted strong gains on Monday. European session, AUD/USD is trading at 0.6491, up 0.72% on the day and its highest level since early December 2025.
Prime Minister Anthony Albanese cruised to a resounding victory in Saturday's national election. Albanese' centre-left Labor Party increased its majority and thumped...
EURNZD - 24h expiry
Offers ample risk/reward to buy at the market.
Buying posted close to the previous low of 1.8911.
1.8911 has been pivotal.
A Morning Doji Star formation has been posted at the low.
Price action continued to range between key support & resistance (1.9000 - 1.9250) and we expect this to continue.
Daily signals are mildly bullish.
We look...
The euro has posted gains on Friday. In the European session, EUR/USD is trading at 1.1325, up 0.37% on the day. Today's gains follow a three-day slide. US nonfarm payrolls came in at 177 thousand, much stronger than the market estimate of 130 thousand.
Eurozone inflation for April was a surprise on the upside. Headline CPI remained steady at 2.2% y/y, edging...
ASX200 - 24h expiry
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Dip buying offers good risk/reward.
20 4hour EMA is at 8086.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 8090 (stop at 7995)
Our profit...
The Japanese yen continues to lose ground and is sharply lower on Thursday. In the European session, USD/JPY is trading at 144.36, up 0.92% on the day. Earlier, the yen weakened to 144.74, its weakest level since April 10.
There were no surprises from the Bank of Japan, which maintained its key interest rate at 0.5% in a unanimous vote. The BoJ has signaled that...
The euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day.
Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices.
The more significant story was that core CPI,...
The euro is calm on Wednesday. In the North American session, EUR/USD is trading at 1.1334, down 0.45% on the day.
Germany's inflation rate dropped to 2.1% y/y in April, down from 2.2% in March but above the market estimate of 2.0%. This was the lowest level in seven months, largely driven by lower energy prices. The more significant story was that core CPI,...
The Australian dollar has been showing strong movement this week but is calm on Wednesday. In the European session, AUD/USD is trading at 0.6391, up 0.14% on the day.
Australia released the CPI report for the first quarter. The Australian dollar didn't show much reaction, but the data could point to another rate cut from the Reserve Bank of Australia.
Headline...
